establish an end goal(s), set up your efforts towards reaching those goals

If you find a really great deal and establish a relationship with a partner that has good credit but not the necessary down payment funds, you both might benefit.  

Do your first deal under your name and make some money, then use some of the profits to establish your business.

If you currently have an established book of vendors that you have worked with previously, AND you have the time, I would say to GC the project yourself.If you do not have the time or book of vendors I would suggest to utilize a GC to manage the project.

.$100,000 goes a long way in Ohio and Michigan and you can get some very decent figures in solid B class areas.It does take time to establish relationships with the right people in order to insure success.Just returned from a 2 day trip in Columbus.

But it's probably still a good investment, especially appreciation wise in the 7-10 year timeframe, as the surrounding developments get established.  

So, look at alternatives in establishing you long term goals.

Give the property a curb appeal uplift... that will help establish a good rapport with the neighbors and show that someone cares about the property. 

If the market follows the pattern established during the great depression (it could be much worse), then the DOW should get down to at least 1,540.

All my recent purchases (SFH) are in established neighborhoods no subdivision and no HOAs, but I didn't know about restrictions of the amount of bedrooms per home.